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What I am doing now

You are most likely here because you enjoy crafting. I have been reading up on some of the WoW issues regarding gold making, which make me realize that WoW is not the game for me.

If you want to play a game where gathering and crafting is the cornerstone of the economy, and are not faint of heart, I recommend EVE Online. EVE even has releases purely to support industry. You can play for free if you are good enough manufacturer or trader.

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06 September 2010

Playing with glyphs (still)

I think I just got a sneak peak on Breevok's site of a post about glyph, ink and herb prices (back up again). His analysis is probably about right.

Firstly, I buy inks because I don't like milling. Even with auctioneer/automagic, you still need to 'Ok' every mill (4 OK's per stack of herb). While I know how to fully automate this, it is possibly against the terms of service, with insufficient reward for the risk. (I have no idea why it is permissable to queue the creation of 20 glyphs, but not queue the milling of a stack of herbs.) Plus Wek is a mostly reliable supplier.

When I told Wek of the expected price cut, he 'offered' to sell ink to Breevok, partly to make me protect my supply, and partly to test the waters with other buyers. I wished him best of luck (and still do). From what I read, Breevok is offering 1g each. The AH is offering more, but not in the volumes that Wek can do. He could also offer to supply the other glyph sellers. If its any consolation, herb prices will probably drop even further.

For the time being I am in a holding pattern. I am incurably stubborn, far more so than the majority of WoW players, even the AH ones. At 5g (4.75 after cut), I am still making a profit, for little effort. I am currently making glyphs about once per week, keeping a stock of 20 of each. Last week, I made about 2k profit on glyphs (after the cost of inks + parchment + lost deposits). Not a lot, but enough to keep me interested. My being stubborn has seen other players try and fail to remain in the market. I will probably tweak my strategies with Breevok re-entering the glyph selling game.

My eye however is on selling an excess of gems, and Cataclysm. With the ability for players to learn every glyph, I expect another 'dual spec' phenonemon, where everyone buys out all glyphs at whatever price they need to. I am betting a few guild bank tabs of ink on it. While I have no expectation that I will be a sole supplier, I want to be in a better position than the next glyph seller.

To do this, before cataclysm:

I will have pre-stocked all glyphs (probably 40 of each, up from 20), buying where they are cheaper than making them.

Have a mix of inks. At the moment Ink of the sea can be converted to anything else. From what I read, come cataclysm, a new ink will take this role. The majority of lazy wannabe gold makers will only stock Ink of the sea, so I will hold a few less of these.

Discourage some other players (Note: On Caelestrasz, there is not enough gold in inscription and too many players to even attempt to 'own' the market)

And Wek, even though I am squeezing you for Inks of the sea, I am still paying more than that other guy.

@Breevok. No worries, I thought that might be it. Wek is a reliable supplier. He probably recalls the conversation differently than I do. Games are being played, and don't worry - you are likely to be a beneficiary which ever way it goes.

@all blogspot users. When setting up a post with a 'release date', this may occasionally happen.

@Wek, I know you read both of our blogs. As we are airing laundry (dirty or otherwise), what was your recollection of our conversation?

I cannot recall the exact conversation but i believe we were joking around and i said something like" ah stuff ya fooby i'll take em to breevok :P." when he proposed a price drop he responded along the lines of i may aswell and see what i can get as his demand will eventually decrease. I apologise for the overactive mail breevok saying that foo sent me.

Due to the blog mostly being inactive and the only comments recently being anonymous spam; I have restricted comments to "Registered Users"; hat includes anything google recognises as an account (google, openId, wordpress etc). I am still (mostly) active on foo-eve.blogspot.com

Blogger comments supports basic html. You can make a link 'clicky' by <a href="http://yoursite/yourpage">yoursite/yourpage</a>

Disagreements are welcome - especially on speculative posts. I love a great disagreement.